Land And Development

-- CONTRACTS. Industrial Waste Services Inc. has been selected by Heathrow Land and Development Co. to provide street-sweeping services for the community, which is under development in central Seminole County.

Elwood Coley, Orlando partner for Trammell Crow Co., has been elected president of The Central Florida Chapter of the National Association of Industrial and Office Parks. . . . Krystal Hruby has been appointed office manager of Heathrow Land and Development Corp., developers of Heathrow, a community near Interstate 4 and Lake Mary Boulevard in Seminole County.

Dentists John Canal and Bobby Sharp are not developers by trade. But the partners own part of one of the hottest properties in Seminole County - the Bay Tree Center on Lake Mary Boulevard.In the past two years, 14 small office and retail sites have been sold in the Bay Tree Center, making it a prime example of how small-office developments in Lake Mary are surging even with the development of millions of square feet of office space in high profile parks such as Primera and Heathrow International Business Center.

Broker Gregory Goodwin was involved in the joint venture transaction between Heathrow Land and Development Co. and Cabot, Cabot & Forbes in acquiring 25 acres of land in the commerce park section of Heathrow, a mixed- use community under development in central Seminole County. The two plan to develop 350,000 square feet of office space on the property.

NEW EXECUTIVE. Peter D. Houchin, a New York finance and bankingexecutive, has been appointed chief financial officer at Gulfstream Land and Development Corp. Gulfstream's projects include Tuscawilla in Seminole County. Houchin is a former vice president and treasurer of Kraft Inc.

HEATHROW VENTURE. Word is that Gulfstream Housing Corp. is talking to Heathrow Land and Development Co. about a major joint venture at Heathrow. The project may involve several hundred acres of the 3,000-acre development. Heathrow officials couldn't be reached. Gulfstream officials would not comment.

SWEAT, SUITS & SUITES. Look for an announcement soon on the joint-venture partners who will develop a health-and-business center with Heathrow Land and Development Co. at Heathrow in Seminole County. The complex would include an executive health center, a business conference center, a 150,000-square-foot office building and a 250-room hotel. Construction is expected to start by early next year, with a 1989 opening.

HOLDING THE CARDS. Protracted talks between Gulfstream Land and Development Corp. and its lenders are expected to conclude within the next two weeks. The lenders, which include commercial banks and bond holders, apparently are dictating what role, if any, Gulfstream Chairman Ken Good will play in the company. More than $100 million in debt reportedly is being restructured. Gulfstream's Orlando operations include Tuscawilla, a Seminole County residential development; and Bel Aire Homes Inc., an Altamonte Springs-based home builder.

PEOPLE. Joan M. Gustavel, sales and marketing director for Tuscawilla Realty, has been selected sales manager of the year by the Sales and Marketing Council of the Home Builders Association of Mid-Florida. Tuscawilla Realty handles sales and marketing at Tuscawilla, a large planned-unit development in Winter Springs in Seminole County. The project is being developed by Gulfstream Land and Development Corp. of Plantation.

Picture a rural area fighting to keep its agricultural land intact in the face of a push from developers who want it for housing.Home seekers from a rapidly growing nearby urban area can't wait to move in. They want lake-front home sites, but the price has gotten so high that they are willing to take water view or inland lots.Standing in the way are old farms where the land has been tilled for 100 years. There is still plenty of use for the crop land, but at present the big-bucksdevelopers seem to have the edge as land prices increase, and owners think they have no alternative but to sell.

Later this month, auctioneers will put part of the exclusive Heathrow development on the auction block.Eighteen golfview condominiums in The Hamptons section will be auctioned April 27.The condos feature views of the 11th and seventh fairways from screened balconies with wet bars and built-in ranges.The en masse auction comes at a time when Heathrow founder Jeno Paulucci has expressed interest in leaving behind his Central Florida real estate interests.It also comes as Paulucci's Heathrow Land and Development Corp.

City commissioners' decision to allow shops and commercial buildings on 35 acres at Interstate 4 and County Road 46A - one of only two land-use requests approved last week - might drive up the land's cost when the state buys a third of the property for an interchange.City commissioners, though, said they had little choice.On advice of their attorney, commissioners said they could not deny developer E. Everette Huskey's request just because changing the land use from industrial to commercial might drive up the price of his land.

HOLDING THE CARDS. Protracted talks between Gulfstream Land and Development Corp. and its lenders are expected to conclude within the next two weeks. The lenders, which include commercial banks and bond holders, apparently are dictating what role, if any, Gulfstream Chairman Ken Good will play in the company. More than $100 million in debt reportedly is being restructured. Gulfstream's Orlando operations include Tuscawilla, a Seminole County residential development; and Bel Aire Homes Inc., an Altamonte Springs-based home builder.

NEW EXECUTIVE. Peter D. Houchin, a New York finance and bankingexecutive, has been appointed chief financial officer at Gulfstream Land and Development Corp. Gulfstream's projects include Tuscawilla in Seminole County. Houchin is a former vice president and treasurer of Kraft Inc.

Later this month, auctioneers will put part of the exclusive Heathrow development on the auction block.Eighteen golfview condominiums in The Hamptons section will be auctioned April 27.The condos feature views of the 11th and seventh fairways from screened balconies with wet bars and built-in ranges.The en masse auction comes at a time when Heathrow founder Jeno Paulucci has expressed interest in leaving behind his Central Florida real estate interests.It also comes as Paulucci's Heathrow Land and Development Corp.

Hospital Corporation of America, the nation's leading for-profit hospital chain, purchased 20 acres Thursday at Heathrow, the large mixed-use project under construction in central Seminole County.HCA plans to build offices on the land as the new headquarters for its Longwood-based subsidiary, Hill Richards Co., which develops medical insurance plans. Construction of the first 150,000 square feet of office space is slated to start next spring.HCA bought the land for an undisclosed price from Heathrow Land and Development Corp.

HEATHROW VENTURE. Word is that Gulfstream Housing Corp. is talking to Heathrow Land and Development Co. about a major joint venture at Heathrow. The project may involve several hundred acres of the 3,000-acre development. Heathrow officials couldn't be reached. Gulfstream officials would not comment.

-- CONTRACTS. Industrial Waste Services Inc. has been selected by Heathrow Land and Development Co. to provide street-sweeping services for the community, which is under development in central Seminole County.